New Ripple Drop Episode 13 Is Now Avialbale Talking About RippleNet and On-Demand Liquidity
- The Ripple Drop Episode 13 is already live.
- The main topics discussed were on-demand liquidity and RippleNet.
The management at American Fintech Ripple Labs has released the Episode 13 of The Ripple Drop, a web video series that covers the latest news regarding Ripple’s customers, technology and more. The episode starts with the recognized journalist Reinhard Cate presenting the different topics they will be talking about in this video.
RippleNet Could Lead to Many Potential Opportunities
Mr. Cate interviewed the Senior Market Intelligence Manager Pegah Soltani about RippleNet and how this service has a great market opportunity. She explained that smaller banks and payment providers are those that are going to benefit the most with RippleNet. These companies have challenges accessing global payments and that now can access this market in a high-friction way.
These payers will also have a large opportunity in small business payments since there is a $10 to $15 trillion market that is growing at 5% to 10% per year. At the same time, emerging markets are also offering great opportunities to these players.
XRP Transfers Don't Require Pre-Funded Accounts
The second conversation Cate had was with Kevin Mole, Vice President, Product Marketing. He explained that on-demand liquidity is a way for customers to send fast and low-cost payments. Moreover, players do not need to have pre-funded destination account.
That means that the XRP digital currency is in the middle of two different countries allowing companies to send and receive funds with ease. At the moment, there are only two different countries that can receive funds through the xRapid product, Mexico and the Philippines. As Mr. Mole explained, there are $31 billion dollars going every single year to Mexico and $33 billion dollars going every year to the Philippines.
Ripple Upgrades RippleNet Software
Mole has also mentioned that these are just the first corridors that Ripple is going to be opening up just this year.
Finally, Ripple has updated its RippleNet software, which is expected to have an impact on companies working with it. Cate talked with Craig DeWitt, Director, Product Management at Ripple. The expert mentioned that the new software update is going to provide new software functionalities to users.
For example, institutions will now have full visibility on the payments they make. Moreover, it will be possible to send payments through counterparties that firms do not have a direct relationship with. Moreover, they have developed new toolkits for companies to be able to use RippleNet in days rather than weeks.
XRP’s price is $0.25 XRP/USD exchange rate today. The real-time XRP market cap of $10.67 Billion currently ranks #4 with , daily trading volume of $186.84 Million and live coin value change of XRP 2.46 in the last 24 hours.